ADA's Massive Sell-Off, HYPE's ETF Drive, BlockDAG's Token Pre-Sale: Crypto Market Fluctuations Amid Institutional Confidence

ADA Faces Major Whale Sell-Off as ETF Inclusion Makes Headlines, HYPE ETF Progresses, and BlockDAG Latest Developments

Cardano (ADA) has experienced notable downward movement in its price after large holders offloaded 530 million tokens in just two days, an amount valued at $480 million at the current rate [8]. Nevertheless, ADA’s addition to Grayscale’s Crypto 5 ETF—which is now trading on NYSE Arca—marks a key achievement, as it is the first U.S.-listed multi-crypto ETF to feature ADA [8]. Experts point out that

has maintained support around $0.8775, but a drop below $0.80 could lead to a more pronounced decline [8]. In the meantime, institutional sentiment is uncertain, although prediction markets at Polymarket suggest over a 90% chance for an ADA ETF approval in 2025 [8].

Hyperliquid (HYPE) continues to gain traction among institutions, with asset management giant VanEck confirming intentions to launch both a U.S. spot staking ETF and a European ETP linked to HYPE [5]. The planned ETF would combine price movements with staking incentives, complementing Hyperliquid’s growing influence in decentralized trading, where its blockchain has topped revenue charts for four straight weeks [7]. VanEck has also indicated it may use profits for HYPE repurchases, following strategies similar to its support for

and ETFs [6]. Meanwhile, 21Shares introduced a Hyperliquid ETP in Europe back in August, reflecting increasing regulatory acceptance [7].

However, BlockDAG faces criticism for delays in launch dates and frequent price changes, which have shaken early investor confidence [3]. The roadmap targets a Token2049 Singapore 2025 launch and EIP-4337 support, but ongoing concerns about credibility remain due to missed deadlines [3]. As for ADA, although short-term trends remain bearish, some long-term advocates still anticipate a possible surge of 432% or more to $5 and above, fueled by Cardano’s network upgrades and increasing demand from ETF involvement [8].

The cryptocurrency sector is currently divided between immediate price swings caused by major holders and signals of growing institutional participation. HYPE’s ETF developments and ADA’s regulatory advancements highlight the evolving balance between speculation and fundamental growth within the industry.